@Iris OlivasWe have financed single-family homes that were under $100k and we have also bundled some of these sub $100K properties together for commcerical loans.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Although most of my stays are <7 days, I've had a few longer stays (business travelers and a family that was going through a full home remodel).

Strategy 2: buy a single-family house with at least 4 bd, live in one room, rent out the rest of rooms as a mid-term rental on Airbnb / long-term rental.

The outer boroughs—Bronx, parts of Queens, maybe Staten Island—are where people tend to have the most success, usually with multi-families.

My wife and I own a single-family home in a top school district.

Quote from @Andrea Lucarelli: I’m interested in beginning my REI career with purchasing a SFH or condo in Cleveland area (safe neighborhood) to list as a furnished rental for travel medical professionals, supply corporate housing needs, or house temporarily displaced families for insurance companies.  

However, looks like there is a harsh line as far as what locals can afford and if you go over that, vacancy is high.Watertown, NY- I’ve seen many great multi-family properties in the low to mid 100s.

Rates may still be high, but sometimes they’re more flexible with repayment options than a mortgage refi.Family Loan Structure: Since you have an existing interest-free loan from family, you could talk to them about restructuring or even adding onto it, if they’re open to it.

Investment Info:Single-family residence buy & hold investment.